You May Be Neighbours With A Hong Kong Tycoon In The Sandbox’s Upcoming “Mega City”
The Sandbox, a decentralised virtual gaming subsidiary of Animoca Brands, announced on Wednesday that it is creating a large-scale cultural center called “Mega City”, with its new partners from the film, music, entertainment, finance, real estate and game industries.
To celebrate the participation of its new partners, The Sandbox will launch a new round of land sales on 13 January for players to purchase premium land located near the platform’s new partners, which comes with exclusive premium NFTs. Buyers also have the possibility to host events, gaming experiences or social hubs.
The Sandbox has secured over 165 partnerships and sold 70% of its 166,464 land NFTs. Some of its existing land owners include Binance, CoinCheck, Metakovan, CoinMarketCap and more.
The new partners include Hong Kong tycoon Adrian Cheng, investment company Sun Hung Kai & Co, professional services firm PwC (HK), blockchain asset management company Times Capital, Hong Kong actor/film director Stephen Fung, Taiwanese actress Shu Qi, musician Dough-Boy, creator of the online game “Little Fighter” Marti Wong and Hong Kong illustrator Dreamergo.
In December 2021, Hong Kong property tycoon Adrian Cheng said he would acquire one of the largest plots in The Sandbox and set up an “innovation hub” showcasing 10 successful startups in the Greater Bay Area, including Prenetics, Lalamove and Casetify, which have ties with New World Development, Cheng’s venture capital firm.
Last year, his venture capital firm C Ventures joined the USD 8 million funding round for RTFKT Studios, a NFT platform for virtual sneakers. The firm also led a USD 100 million funding round for Matrixport, a crypto financial services company.